Islamic University Of North America Inc
Islamic University Of North America Inc maintains stable finances with growing assets and no liabilities in recent years.
EIN: 141948738 · Tampa, FL · NTEE: B990 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $841K |
| Total Expenses | $744K |
| Program Spending | 80% |
| Net Assets | $438K |
| Transparency Score | 85/100 |
Is Islamic University Of North America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Islamic University Of North America Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Islamic University Of North America Inc
Islamic University Of North America Inc (EIN: 141948738) is a nonprofit organization based in Tampa, FL, classified under NTEE code B990. The organization reported total revenue of $841K and total assets of $448K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Islamic University Of North America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Islamic University Of North America Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $755K |
| Total Expenses | $744K |
| Surplus / Deficit | +$10K |
| Total Assets | $438K |
| Net Assets | $438K |
| Operating Margin | 1.4% |
| Months of Reserves | 7.1 months |
Financial Health Grade: A
In 2023, Islamic University Of North America Inc reported a surplus of $10K with revenue exceeding expenses, holds 7.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Islamic University Of North America Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.4% | +3.5% | +2.5% |
| 2022 | -39.3% | -22.6% | +19.7% |
| 2021 | +54.2% | +21.1% | -56.6% |
| 2020 | +0.3% | +0.3% | +12.8% |
| 2019 | -7.7% | -11.7% | +220.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Islamic University Of North America Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Islamic University Of North America Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which could indicate a volunteer-led executive team or that compensation is reported under other expense categories, warranting further investigation for full transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Islamic University Of North America Inc's IRS 990 filings:
- Lack of detailed spending breakdown (program, admin, fundraising) in summary data
- Consistent 0% officer compensation raises questions about executive remuneration transparency or reporting practices.
Strengths
The following positive indicators were identified for Islamic University Of North America Inc:
- Consistent operational surpluses in recent years (e.g., $10,491 in 2023, $70,453 in 2022)
- Growing asset base, increasing from $113,970 in 2016 to $438,078 in 2023
- Zero reported liabilities in the last four filing periods (2020-2023), indicating strong financial health
- Stable revenue streams, generally around $750,000 - $850,000 annually, with a notable spike in 2021
Frequently Asked Questions about Islamic University Of North America Inc
Is Islamic University Of North America Inc a legitimate charity?
Islamic University Of North America Inc (EIN: 141948738) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $841K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Islamic University Of North America Inc spend its money?
Islamic University Of North America Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Islamic University Of North America Inc tax-deductible?
Islamic University Of North America Inc is registered as a tax-exempt nonprofit (EIN: 141948738). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Islamic University Of North America Inc's spending goes to programs?
Islamic University Of North America Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Islamic University Of North America Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Islamic University Of North America Inc is above average for NTEE category B990 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Islamic University Of North America Inc located?
Islamic University Of North America Inc is headquartered in Tampa, Florida and files with the IRS under EIN 141948738. It is classified under NTEE code B990.
How many years of IRS 990 filings does Islamic University Of North America Inc have?
Islamic University Of North America Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $841K in total revenue.
How does the organization achieve 0% officer compensation?
The filings consistently show 0% officer compensation. This could mean that all executive roles are voluntary, or that compensation is categorized differently within the expense reports, which would require reviewing the full 990 forms for clarification.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. A deeper dive into the full IRS 990 forms would be necessary to ascertain these specific percentages and evaluate spending efficiency more precisely.
What caused the significant increase in revenue in 2021 to $1,301,132?
In 2021, the organization experienced a notable revenue spike to $1,301,132 from $844,004 in 2020. The summary data does not specify the source of this increase, which could be due to a large donation, a successful fundraising campaign, or increased program fees.
How does the organization manage to maintain zero liabilities in recent years?
From 2020 to 2023, the organization reported $0 in liabilities. This indicates strong financial management and a healthy cash flow, allowing them to operate without accumulating debt.
Filing History
IRS 990 filing history for Islamic University Of North America Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Islamic University Of North America Inc's revenue has grown by 81.8%, moving from $415K to $755K. Total assets increased by 465.2% over the same period, from $78K to $438K. Total functional expenses rose by 107.4%, from $359K to $744K. In its most recent filing year (2023), Islamic University Of North America Inc reported a surplus of $10K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $755K | $744K | $438K | $0 | — | — |
| 2022 | $789K | $719K | $428K | $0 | — | View 990 |
| 2021 | $1.3M | $929K | $357K | $0 | — | View 990 |
| 2020 | $844K | $767K | $822K | $705K | — | View 990 |
| 2019 | $842K | $764K | $729K | $689K | — | View 990 |
| 2018 | $912K | $866K | $228K | $265K | — | View 990 |
| 2017 | $803K | $848K | $219K | $303K | — | View 990 |
| 2016 | $773K | $808K | $114K | $108K | — | View 990 |
| 2015 | $634K | $877K | $174K | $95K | — | View 990 |
| 2014 | $821K | $800K | $386K | $64K | — | View 990 |
| 2013 | $798K | $744K | $364K | $54K | — | View 990 |
| 2012 | $452K | $647K | $292K | $35K | — | View 990 |
| 2011 | $675K | $299K | $472K | $19K | — | View 990 |
| 2010 | $415K | $359K | $78K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $755K, expenses of $744K, and assets of $438K (revenue -4.4% year-over-year).
- 2022: Revenue of $789K, expenses of $719K, and assets of $428K (revenue -39.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $929K, and assets of $357K (revenue +54.2% year-over-year).
- 2020: Revenue of $844K, expenses of $767K, and assets of $822K (revenue +0.3% year-over-year).
- 2019: Revenue of $842K, expenses of $764K, and assets of $729K (revenue -7.7% year-over-year).
- 2018: Revenue of $912K, expenses of $866K, and assets of $228K (revenue +13.6% year-over-year).
- 2017: Revenue of $803K, expenses of $848K, and assets of $219K (revenue +3.9% year-over-year).
- 2016: Revenue of $773K, expenses of $808K, and assets of $114K (revenue +21.8% year-over-year).
- 2015: Revenue of $634K, expenses of $877K, and assets of $174K (revenue -22.7% year-over-year).
- 2014: Revenue of $821K, expenses of $800K, and assets of $386K (revenue +2.9% year-over-year).
- 2013: Revenue of $798K, expenses of $744K, and assets of $364K (revenue +76.4% year-over-year).
- 2012: Revenue of $452K, expenses of $647K, and assets of $292K (revenue -32.9% year-over-year).
- 2011: Revenue of $675K, expenses of $299K, and assets of $472K (revenue +62.5% year-over-year).
- 2010: Revenue of $415K, expenses of $359K, and assets of $78K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Islamic University Of North America Inc:
Data Sources and Methodology
This transparency report for Islamic University Of North America Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.